I Know First Trade Report: ZNH made 25.42% in 2 Weeks
I Know First Trade Report
On the 9th of March 2015 the I Know First algorithm released a strong bullish signal of 161.27 (first place) on its 1 Month forecast for China Southern Airlines (ZNH). ZNH is an American Depositary Receipt (ADR) of China Southern Airlines Co Ltd. On that day ZNH opened at $23.29 and by that moved 5 cent above the 5 day simple moving average of the stock price, which is a strong position to buy a stock at. Below is the original forecast, and the resulting trade which made 25.42% in just 2 weeks.
Key Numbers and Dates
You would buy the stock on Monday, March 9th according to the I Know First signal you received that morning of 161.27 and the fact that the stock opened above the 5 day simple moving average from Friday 6th of March. You would buy the stock at the market opening price of $23.29.
Customized Forecast Sell Recommendation
The signal was stronger than 10 at all points between the 9th and 23rd of March. Thus the exit trigger was not the signal from the algorithm, but the stock’s price moving below the 5 day simple moving average on March 23rd 2015 (according to the opening price).
Market Sell Recommendation – 25.42% In 14 Days.
According to the market rule you would sell the stock on the 23rd of March, in the moment the stock price fell below the 5 day simple moving average. On that day the 5 day simple moving average was at $29.43 and the stock opened at a price of $29.21, 22 cent below. Your return on the trade would be 25.42% in 14 Days.
Where could I have found this forecast?
ZNH belongs to our “Top x Stock Picks + S&P500” universe. On March 9th, 2015 the stock’s position on the 1 Month table was 1, making it available to “Top 5” and above subscribers.
What is ZNH?
ZNH is an American Depositary Receipt (ADR) of China Southern Airlines Co Ltd. Below is the trade we forecast in relation to the 6 Months.